In 2017, everyone at EGIDE has worked tirelessly to integrate our new company, Santier, Inc, within the EGIDE group. This company enhances our product portfolio by supplying thermal management components to key clients in our chosen markets. We also have seen our newly created High Temperature Co-fired Ceramic line in our Cambridge facility covert prototype orders into production level opportunities. These developments will provide increased revenue streams for EGIDE, and increase the potential for profit and cash generation in the years to come.
For 2018, our first half results are an indication of the improved operational metrics seen at all of our facilities. In particular, there is a new effort in our Bollene factory to improve productivity, yields and delivery performance. The results are striking, in that our revenues in H1-2018 have grown by over 6.5 percent, and our operating profit has gone from negative to positive, including a positive cash flow from operations. Expectations are that these trends will continue in the coming years.
We will work together to make the company the premier hermetic package supplier and pursue our strategy of a continuous and sustainable growth
James F Collins
Chairman and Chief Executive Officer